Nucor Corporation announced increased first quarter earnings Tuesday, when compared to the fourth quarter of last year.
Leon Topalian, Nucor s chair, president and chief executive officer, said steel mills segment earnings in the first quarter of 2024 increased from the fourth quarter of 2023, primarily due to higher average selling prices and increased volumes, particularly at its sheet mills.
Toplian said Nucor s capital spending will increase with investments continuing at the West Virginia sheet mill, Brandenburg, Kentucky plate mill and micro mill bar projects in North Carolina and Arizona.